United Tractors distributes 44.6% of 2017 net profit as dividend

JAKARTA (RambuEnergy.com) – PT United Tractors Tbk (IDX:UNTR), a diversified mining company of Astra International group, will distribute dividend of Rp3.3 trillion to its shareholders or cash dividend of Rp893 per share.

The dividend included Rp1.1 trillion or Rp282 per share interim dividend that has been paid on Oct. 23, 2017.

The remaining amount of Rp611 per share or equal to the total amount of Rp2.3 trillion will be distributed to each shareholder (whose names are listed in the shareholders’ registry on April 26, 2018 at 04.00 PM local time) on 15 May 2018, the remaining amount shall be recorded as retained earnings.

In 2017, the company booked a net profit of Rp7.4 trillion. The dividend represents 44.6% of the company’s full-year 2017 net profit.

The dividend payment was approved by the company’s shareholders at the shareholders annual general meeting on Monday (Apr. 16).

Meanwhile, President Director of United Tractors Tbk  Gidion Hasan said in the first quarter 2018, the company sold 1,171 units of heavy equipment, up 38% from the same period last year. In 2018, the company targets to sell 4,200-4,500 units of heavy equipment. (*)

Written by Staff Writer

Edited by Roffie Kurniawan, email: roffie.kurniawan@gmail.com

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